[NFT Oracle №32] Otherdeed for Otherside#18092 was priced by the PawnHouse consensus 131 times, where the final price reached 3,950 USDT (3.56 ETH)!

PawnHouse
3 min readJun 29, 2022

On June 29, 2022, the Otherdeed for Otherside#18092 completed the world’s first NFT oracle pricing!

During the 2-hour Pricing & Auction process, Otherdeed for Otherside#18092 received 131 many consensus prices. Statistics showed that the highest consensus price was 8,100 USDT provided by user 0x4c9***96b, and the average consensus price was 4,857 USDT!

Otherdeed for Otherside#18092 passed 19 rounds of bidding, where the final price reached 3,950 USDT (3.56 ETH). Notably, the user who became the top Oracle was 0xc62***2F9!

PawnHouse is the world’s first NFT oracle. With Web3 and the Metaverse expanding, more NFT assets will emerge in the future. However, economic value is the foundation of vitality, and flow is the guarantee for realizing economic value. PawnHouse solves the NFT pricing problem through consensus value — Information is the resolution of uncertainty. PawnHouse aims to ensure liquidity with consensus and promote price emergence with price proposals! The platform allows users to provide information references for the bidder, and the final bid provides the quotation incentive scale.

Otherdeed is the key to claiming land in Otherside. Each have a unique blend of environment and sediment — some with resources, some home to powerful artifacts. And on a very few, a Koda roams.

At present, the total transaction volume of Otherdeed for Otherside in Opensea exceeds $344.63 million US dollars (310,200 ETH), and the floor price is 2.72 ETH. The NFT of this event is Otherdeed for Otherside#18092: relic card artifact, spirit category, bonestone eastern resource, sky environment, no koda, spikeweed northern resource, chemical goo sediment.

Otherdeed for Otherside#18092 has no transaction in the past year.

To participate with your assets in the pricing of NFT oracles, please apply via email to us: team@pawnhouse.io.

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About PawnHouse

The PawnHouse project team combined and applied both the SMRA theory (2020 Nobel Economic Prize) and The Wisdom of Crowds theory to effectively solve the issue of decentralized NFT asset-pricing and improve the liquidity of NFTs.

Due to its unique characteristics, the historical transaction price of NFT is determined by private value. This results in less effective price information and is easier to control. By introducing price proposers to the market, PawnHouse satisfies both common and private values, and provides a comprehensive and rich price collection strategy. While building a price corridor for NFT assets, PawnHouse also supports NFT’s collateralization and auction transactions.

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